This Mortgagee Letter provides an overview of key provisions of HUDâs recently issued final rule referenced above, and guidance to mortgagees on HUDâs implementation of this final rule. This rule increased the net worth requirements for FHA-approved mortgagees, eliminated FHA approval of loan correspondents, codified requirements of the Helping Families Save Their Homes Act of 2009 (Public Law 111-22), and made minor modifications to other aspects of FHAâs regulations governing lender activities. Changes to applicable HUD Handbooks are forthcomingâ¦

To read this mortgagee letter and any attachments in their entirety, please visit: http://www.hud.gov/offices/adm.....mortgagee/ view the 2010 letters and click on the letter of your choice. Mortgagee Letters from previous years can be found on the same page.

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